Homes for Sale in Newark

Homes for Sale in Newark

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The city of Newark, New Jersey is the largest city in the state, with an estimated population of 281,000. Furthermore, it is also considered to be the eight most populated in the country in terms of density, which is 11,400 per square mile.

Newark is a popular commuter city due to the fact that it is only located eight miles west of Manhattan, making a prime location for families or individuals that have their careers based in New York City. Furthermore, it is also the largest container shipping port on the East Coast. Newark itself is also a very industrial city and has some of the larger financial corporations as well, thus making Newark homes for sale wanted property for many.

Newark homes for sale are currently on the rise, both on the value of the property and home, as well as the number of total sales. Though the listing averages and mean sales prices may be slightly lower than other NJ homes on the market in the suburbs, Newark homes that are for sale still seem to carry out significant values when compared to other areas in the state.

The current listing average for Newark homes for sale is about $205,000. However, the rise in the overall value of homes in the city will be proven with the fact that the actual mean sales prices are above asking prices, averaging to be at $213,000. This trend is fairly uncommon when compared to other markets in country.